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360Group secures funding for growth
360GROUP HAS SECURED a £750,000 fi nance package from HSBC UK
which will help fund future growth of up to 200% by 2020 according
to MD Clive Ansell.
The 360Group, which is comprised of 360 Commercial Properties Ltd
and 360Coms Ltd, has used £500,000 of the funding to re-mortgage
its 5,500 sq/ft commercial property. A further £250,000 overdraft
facility is being used to improve cash fl ow in the business, a move
which is critical during times of rapid growth.
The funding has also helped 360Coms Ltd to implement a new billing
system and tap into a broader spectrum of wholesale suppliers. This
wholesale approach enables the business to buy in bulk, providing its
customers with packages that are more affordable, fl exible and easier
Clive Ansell, Managing Director at 360Group commented “The
funding from HSBC UK will be instrumental for our current and future
growth. Investing in the business has allowed us to evolve our billing
and business model, making us both more effi cient and more price
competitive. In short, we’ve been able to fund rapid growth by more
than 50% since working with Andy Geagen and the team at HSBC UK
and we anticipate that we’ll continue to grow substantially – by as
much as 200% by 2020.”
360's MD Clive Ansell (L) with Andy Geagen, HSBC
New go to market models
released by Westcon
WESTCON-COMSTOR HAS ANNOUNCED two Go to Market business units
designed to further align specialist resources behind its Westcon
Collaboration and Cyber Security distribution business in EMEA.
The creation of the units provides Westcon’s Collaboration and
Cyber Security businesses with specifi c expert attention and
dedicated resource that adds to its existing technical focus. The
newly created Go to Market models will complement the strength of
existing channels and build on Westcon’s success with its core vendor
community and channels.
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